Mrs. Trump’s meme token venture, Melania, has distributed 9.99 million MELANIA tokens in the last eight days alone. According to on-chain analyst Yu Jin, the project utilized a unilateral liquidity and dollar-cost averaging strategy in this recent sale of tokens.
The value hit almost 4.65 million US dollars, showing there was more activity in this short trading window. The Melania project started to sell significant amounts of tokens on March 16 by withdrawing the tokens from liquidity and community addresses.
During approximately one and a half months, the project transferred about 41.675 million MELANIA tokens into circulation. The team sold them through similar methods and received about 170,000 SOL in return.
The total value of the 170,000 SOL in current exchange rates is close to 23.063 million US dollars. The average sale price of each MELANIA token was approximately 0.55 US dollars in this protracted selling period.
The group has maintained a regular selling schedule in preference to dumping all in one lot, and that has contributed to relative price stability.
Stablecoin strategy boosts Melania token liquidity
After receiving SOL, Melania’s crew began converting the holdings to USDC, a widely used stablecoin favored for secure payments.
The process is strategic in transferring capital between different blockchain networks or withdrawing cash easily. The conversions assist in maintaining liquidity in all markets and minimizing exposure to risky assets.
The Melania project, supported by First Lady Melania Trump, is still generating headlines in the crypto space. While supporters acclaim its cutting-edge branding, others have not been afraid to criticize its massive-scale dumping.
Analysts are closely watching how the project handles its remaining token supply and the resulting market behavior.
Investors are also looking at how quickly the team continues to swap assets with stablecoins. As this continues, market watchers believe that there will be greater insights into the long-term strategy behind the Melania meme token system.
